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NEWS STORIES

Renting versus OwningSubmitted: 10/12/2012
Story By Michael Crusan

RHINELANDER - Low mortgage rates and the recovering economy have come together to make buying a home cheaper than renting.

In the Northwoods realtors say homes are selling for up to 80-percent below the fair market value.

John Krueger is a Realtor at John Krueger Realty and says, "So that means the trend has reversed from a sellers' market to a buyers' market. That will reverse again because in the real estate business we're always in a cycle. Unfortunately we're in a longer cycle than usual, but that's going to go back up again."

While prices are low, many are taking advantage of the deals and turning a profit by converting homes into rental properties, Krueger says, "Investors and contractors are scooping up some of these low-end properties to rent. The rental market is strong and the prices of rental properties will show that. So many people lost their homes, unfortunately, and they have to go someplace, so they rent."

This buyers' market won't hang around forever though and realtors recommend purchasing a home now if you can afford it before it turns back into a sellers' market.

Related Weblinks:
John Krueger Realty

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 IN OTHER NEWS
3 teens dead after crash in Shawano County Submitted: 10/22/2014

SHAWANO COUNTY - Three teens died after a two-car accident in Shawano County Tuesday evening.

The Shawano County Sheriff's Office responded to a call about a two-car crash along Highway 22, north of Friendship Road in the Town of Bell Plaine.

A white car was heading northbound on Highway 22 and lost control while trying to cross into the southbound lane. The passenger in that car was hit by an oncoming SUV driving, also traveling southbound.

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Asian carp DNA found in Green Bay's Fox RiverSubmitted: 10/22/2014

GREEN BAY - Wisconsin wildlife officials say Asian carp DNA has been found in the Fox River in downtown Green Bay.

The state Department of Natural Resources says a single positive sample for silver carp was identified from 200 samples taken this summer in the Fox, a tributary of Lake Michigan.

The discovery by the U.S. Fish and Wildlife Service was in the heart of the city, and was part of a survey that started at the mouth of the river and ended about five miles upstream.

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Northwoods farmers behind on corn harvestSubmitted: 10/22/2014

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ANTIGO - Some corn farmers in Wisconsin need to catch up on harvesting.

One Northwoods farmer is about 2 weeks behind this year.

But that doesn't necessarily mean the worst.

Dairy farmer Butch Maly in Antigo wishes his corn season started a few weeks earlier.

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Spending less on HalloweenSubmitted: 10/22/2014

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RHINELANDER - The average person will spend $77 this year on Halloween costumes, decorations, and candy.

The Goodwill in Rhinelander hopes you'll look good for much less. Goodwill has Halloween items like hats, trick-or-treat baskets to full costumes.

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Volunteers needed for new community warming centerSubmitted: 10/22/2014

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MERRILL - The first community warming center in Merrill is set to open in less than two weeks. However, Merrill Area United Way organizers still need volunteers to help manage the center.

The group recently re-fit the former Lincoln Community Bank Drive-Thru on W. Main Street in Merrill to serve as the center. It will help homeless people stay warm from November to April at night. The Lincoln County Homelessness Task Force reported more than 20 homeless living in the area as recently as July.

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Northwoods Parish raising money for school, church upgradesSubmitted: 10/22/2014

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RHINELANDER - A Northwoods Parish wants to raise at least two million dollars to renovate its schools and church.

Nativity of Our Lord Catholic School needs technology and infrastructure upgrades. One of the school's buildings hasn't been updated since the 1950s.

School leaders think it's important to also upgrade the school's wireless ability. The school has SmartBoards, iPads, and laptops, but they want the equipment to work better.

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Many Northwoods voters will consider whether to accept federal BadgerCare moneySubmitted: 10/22/2014

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RHINELANDER - Voters in Oneida, Lincoln, Florence, and Iron Counties will tell the state whether it should accept federal money to expand BadgerCare.

That's Wisconsin's health insurance program for low-income people.

Gov. Scott Walker rejected federal money offered by the Affordable Care Act.

President Obama promised that money would cover at least 90% of the cost of expansion for years into the future.

Walker has said Wisconsin can't trust the federal government to keep paying the money.

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